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PR Newswire
02-07-2013, 02:51 PM
A lot of prudence had given way to doubt. CFO and MR Lin both probably still looking at the market reaction to such a hefty interest rate. At the very least they should come out to the website Nextinsight to explain their stand on this issue.
Otherwise, more people will think this is another S chip that had gone wary on bond financing debacle that plagued many S chip before they collapse in operational problem. They have been 7 years in this business and just wonder why would they do anything to harm their reputation?
The fact that they have been asking for money and the revenue have truly increased in tandem demonstrates there is real money at work but as to why they need to expend in Shanghai and not focus in 2-3rd tier cities also give rise to question?
Can the CFO be trusted? Why isnt the ID questioning the issue? Is there a need for SGX to question the issue? Eg. SGX why not ask a re-varification of an independent judgement on as to the current state of account in bank/trust/receivable? Are there real issue of this fund raising that sends alarms like "as if" the Co. is going under?
Otherwise, more people will think this is another S chip that had gone wary on bond financing debacle that plagued many S chip before they collapse in operational problem. They have been 7 years in this business and just wonder why would they do anything to harm their reputation?
The fact that they have been asking for money and the revenue have truly increased in tandem demonstrates there is real money at work but as to why they need to expend in Shanghai and not focus in 2-3rd tier cities also give rise to question?
Can the CFO be trusted? Why isnt the ID questioning the issue? Is there a need for SGX to question the issue? Eg. SGX why not ask a re-varification of an independent judgement on as to the current state of account in bank/trust/receivable? Are there real issue of this fund raising that sends alarms like "as if" the Co. is going under?